Isetan Singapore will close its Tampines outlet in November, as the department store’s lease at the eastern Singapore mall nears expiry.

The retailer – a subsidiary of Japan’s Mitsukoshi Holdings – will retain only two stores in the country: Its flagship location on Orchard Road and another in Serangoon.

“We remain fully committed to Singapore and will continue serving customers at our other locations,” the company said in a statement referenced by Nikkei Asia.

At its peak, Isetan operated six outlets across the city-state, but the retailer has scaled back in recent years amid rising rents, the growth of e-commerce, and shifting consumer habits away from traditional shopping malls.

The decision follows Isetan Singapore’s delisting from the Singapore Exchange in September last year, after Mitsukoshi acquired full ownership.